Advanced Audit & Assurance

Paper Code: 
AAF 611
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

To analyse, evaluate and conclude on the assurance engagement and other audit and assurance issues in the context of best practice and current developments.

9.00

Regulatory Environment: International regulatory frameworks for audit
and assurance services; Money laundering; Laws and regulations
Professional and Ethical Considerations: Code of Ethics and Conduct;
Fraud and error; Professional liability

9.00

Practice Management: Quality control; Advertising, publicity, obtaining
professional work and fees; Tendering; Professional appointments

9.00

Other assignments: Audit-related and assurance services; Prospective
financial information; Forensic audits; Internal audit; Outsourcing;
Auditing aspects of insolvency (and similar procedures)

9.00

Audit of historical financial information- The audit of historical financial
information
including Planning, materiality and assessing the risk of misstatement,
Evidence & Evaluation and review; Group audits

9.00

Current Issues and Developments: Professional and ethical; Transnational
audits; The audit of social , environmental and integrated reporting

References: 

Study material of ACCA

Contemporary Auditing: Kamal Gupta(Tata Mc-Graw Hill) Auditing: Principle and Practice, S.D Sharma(Taxmann)

Auditing Principles and Problems: T.R Sharma (Sahitya Bhawan Agra) Practical Auditing: Spicer& Pegler

Students Guide to Auditing: Aruna Jha(Taxmann)

Auditing: Jain, Khandelwal, Pareek(Ramesh Book Depot)

Fundamental of Auditing: Gupta & Arora(Tata Mc Graw Hill)

Auditing Theory & Practice: A.K Singh ( Galgotia Publishing Company New Delhi)

Academic Year: 
2015-2016
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